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Burberry slumps 7.5% after major shareholder sells stake
Burberry Group Plc is a holding company, manufactures, designs and distributes apparels and accessories under the Burberry brand. It operates through the Retail and Wholesale, and Licensing business segments. The Retail and Wholesale segment sells luxury goods through Burberry mainline stores, concessions, outlets, and digital commerce, as well as Burberry franchisees and department stores. The Licensing segment channel offers global licenses of fragrances, eyewear, timepieces and European children's wear. The company was founded by Thomas Burberry in 1856 and is headquartered in London, the United Kingdom. (See Full Profile)
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